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Unconventional monetary policy in emerging markets

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  • Ashima Goyal

Abstract

Channels of monetary transmission likely to work in an emerging market (EM) are presented. The Indian accommodative policy cycle, and the papers in this special issue, is used to analyse unconventional aspects of EM monetary policy. It is argued that conditions used to justify unconventional monetary policy in advanced economies routinely hold in EMs.

Suggested Citation

  • Ashima Goyal, 2016. "Unconventional monetary policy in emerging markets," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 9(2), pages 101-108, July.
    • Handle: RePEc:taf:macfem:v:9:y:2016:i:2:p:101-108
    DOI: 10.1080/17520843.2016.1180835
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    References listed on IDEAS

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    1. Goyal, Ashima, 2011. "A general equilibrium open economy model for emerging markets: Monetary policy with a dualistic labor market," Economic Modelling, Elsevier, vol. 28(3), pages 1392-1404, May.
    2. Goyal, Ashima & Tripathi, Shruti, 2015. "Separating shocks from cyclicality in Indian aggregate supply," Journal of Asian Economics, Elsevier, vol. 38(C), pages 93-103.
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    Cited by:

    1. Ashima Goyal & Prashant Parab, 2019. "Inflation convergence and anchoring of expectations in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-023, Indira Gandhi Institute of Development Research, Mumbai, India.
    2. Ashima Goyal & Prashant Parab, 2021. "Effectiveness of expectations channel of monetary policy transmission: Evidence from India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2021-011, Indira Gandhi Institute of Development Research, Mumbai, India.

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